Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Support actuarial methods and ensure fair value for policyholder options.
- Company: Join Legal & General, a leading UK financial services group with a rich history.
- Benefits: Enjoy competitive salary, study support, generous holidays, and private medical insurance.
- Why this job: Make a real impact in a dynamic team at the gold standard of pension risk transfer.
- Qualifications: Part-qualified Pensions Actuary with strong analytical and teamwork skills.
- Other info: Flexible hybrid working and a culture that values your wellbeing and career growth.
The predicted salary is between 36000 - 60000 £ per year.
Company Description
Legal & General (L&G) is a leading UK financial services group and major global investor. We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. L&G Institutional Retirement looks after around 700,000 institutional customers who have their retirement benefits secured with us. Operating continuously in the UK market from our entrance in 1987, we are the UK’s longest-running insurer. Our Institutional Retirement business is the UK’s longest-serving active bulk annuity provider.
Job Description
We’re currently recruiting for an Actuarial Analyst to join our Actuarial Policyholder Options team within our multi-award winning PRT Division. We’re offering a competitive salary, study support and a host of other great benefits as well as the opportunity to work for the most decorated insurer in the PRT market - who are widely viewed as the gold standard for protecting members' benefits for the long-term. This is a unique opportunity, where you’ll play a crucial role in supporting the governance and implementation of the actuarial methods and assumptions applicable to policyholder options and ensure that fair value is always provided. This is a hybrid working opportunity, which means you can split your working week flexibly between your home and our London office in Moorgate to find a work-life balance that works for you.
What you’ll be doing:
- Assisting in the development of actuarial methods for policyholder option calculations
- Reviewing and validating tools for policyholder option calculations
- Collaborating with colleagues to ensure delivery of system developments
- Conducting regular processes for bespoke implementation of our policyholder options basis
- Checking calculations for non-standard individual cases
- Ensuring pricing of policyholder options delivers fair value to customers
- Working closely with developers, end users, and change professionals
- Specifying and testing developments to member option calculation tools
Qualifications
Who we’re looking for:
- Part-qualified Pensions Actuary
- Experience in applying actuarial principles to UK Defined Benefit Pension Schemes
- Strong knowledge of member options and validation of actuarial systems
- Excellent analytical and problem-solving skills
- Ability to work collaboratively in a team environment
- Effective communication skills
- Detail-oriented with a focus on accuracy
- Proactive and able to manage multiple tasks efficiently
Benefits
Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:
- Participation in our annual performance-related bonus plan and share schemes
- Generous pension contributions
- Life assurance
- Private medical insurance
- At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
- Competitive family leave
- Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice
- Discounts on a range of L&G products and those of high street stores and online retailers
- Redesigned office spaces enabling collaboration and with your wellbeing at its heart
Additional Information
At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel. We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.
Actuarial Analyst – Policyholder Options employer: Legal And General Group
Contact Detail:
Legal And General Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst – Policyholder Options
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Legal & General on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your actuarial knowledge and the specific methods used in policyholder options. We want to see that you’re not just a number cruncher but someone who understands the bigger picture.
✨Tip Number 3
Show off your problem-solving skills during interviews. Bring examples of how you've tackled complex issues in the past, especially related to UK Defined Benefit Pension Schemes. We love seeing candidates who can think on their feet!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Legal & General.
We think you need these skills to ace Actuarial Analyst – Policyholder Options
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Analyst role. Highlight your experience with UK Defined Benefit Pension Schemes and any relevant actuarial principles you've applied. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Be sure to mention your analytical skills and collaborative spirit, as these are key for us.
Showcase Your Problem-Solving Skills: In your application, don’t forget to showcase your problem-solving abilities. Give examples of how you've tackled challenges in previous roles, especially those related to actuarial methods or policyholder options. We love seeing how you think!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at L&G!
How to prepare for a job interview at Legal And General Group
✨Know Your Actuarial Stuff
Make sure you brush up on your knowledge of actuarial principles, especially as they relate to UK Defined Benefit Pension Schemes. Be ready to discuss how you've applied these principles in past roles or projects.
✨Show Off Your Analytical Skills
Prepare to demonstrate your analytical and problem-solving skills during the interview. Think of specific examples where you've tackled complex issues, particularly in relation to policyholder options or actuarial calculations.
✨Team Player Vibes
Since collaboration is key in this role, be ready to share experiences where you've worked effectively in a team. Highlight how you’ve communicated with colleagues and contributed to successful outcomes.
✨Ask Smart Questions
Prepare thoughtful questions about the company’s approach to policyholder options and their actuarial methods. This shows your genuine interest in the role and helps you understand how you can contribute to their goals.
